Economic thought of al-Ghazali (450-505 A.H. -1058-1111 A.D.)
Other Title(s)
الفكر الاقتصادي عند الغزالي
Joint Authors
Ghazanfar, S. Muhammad
Islahi, Abd al-Azim
Publisher
King Abdulaziz University Islamic Economics Institute
Publication Date
2011-12-31
Country of Publication
Saudi Arabia
No. of Pages
80
Main Subjects
Economy and Commerce
Religion
Islamic Studies
Topics
English Abstract
Ghazali′s economics is anchored on five necessary Shariah-mandated foundations of individual and social life: religion, life, family, property, and intellect.
He focuses on the economic aspects of maslaha (social utility), distinguishing between necessities, comforts and luxuries.
Subsistence living is inadequate but wealth too has its dangers.
Both extravagance and miserliness are to be avoided, a middle course is recommended.
The authors seek to reconcile between apparently contradictory views of Ghazali on wealth and (voluntary) poverty.
Ghazali′s insights on exchange, production, money, role of the state and public finances are reported.
Ghazali emphasises ethical behaviour in the market and regards production and supply of necessaries to be an obligatory duty.
He condemns hoarding and lauds cooperation.
Usury is rejected and justice, peace and stability are projected as preconditions of economic progress.
Table of Contents
Contents.
Foreword.
Introduction.
Al-Ghazali : the man and his environment.
Islamic foundations of al-Ghazali's economic philosophy.
Role of the state and public finance.
Concluding remarks.
References.
American Psychological Association (APA)
Ghazanfar, S. Muhammad& Islahi, Abd al-Azim. 2011-12-31. Economic thought of al-Ghazali (450-505 A.H. -1058-1111 A.D.) Jiddah Saudi Arabia : King Abdulaziz University Islamic Economics Institute.
https://search.emarefa.net/detail/BIM-857730
Modern Language Association (MLA)
Ghazanfar, S. Muhammad& Islahi, Abd al-Azim. Economic thought of al-Ghazali (450-505 A.H. -1058-1111 A.D.). Jiddah Saudi Arabia : King Abdulaziz University Islamic Economics Institute. 2011-12-31.
https://search.emarefa.net/detail/BIM-857730
American Medical Association (AMA)
Ghazanfar, S. Muhammad& Islahi, Abd al-Azim. Economic thought of al-Ghazali (450-505 A.H. -1058-1111 A.D.). Jiddah Saudi Arabia : King Abdulaziz University Islamic Economics Institute. 2011-12-31.
https://search.emarefa.net/detail/BIM-857730
Language
English
Document Type
Book
Notes
Includes appendices : p. 61-79
Record ID
BIM-857730
